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20121210
20121210
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who have said they're going back on the pledge, lindsey graham, bob corker, tom coburn, lamar alexander, eric cantor, what do you do at this point to keep the fight going? or do you think that it is necessary to concede a little bit of ground? >> well, two things. the senators, the republican senators to a certain extent don't matter because the democratic senate can pass a tax increase if they want the senaaors you mentioned would only vote for a tax increase if they got massive permanent entitlement reforms of the kind that harry reid and the president have announced they're not doing. so even if coburn broke his commitment to the people of oklahoma, which he got a elected with a written commitment not to raise taxes at all, his new statement is, he might raise tax as little if he got permanent reform. melissa: do you ffle the tide is turning against you and necessary to give in a little bit to get a deal done or not? >> okay. there is no need to raise taxes to get a deal. obama two years ago extended all the bush tax cuts for two years. there is no reason not to do that aga
directly to their members. to avoid this sequestration. >> bob sam mills from "the washington post." i think the proposals of the administration are to reduce the marine corps by 20,000 and the army by 80,000 from their peaks. there is much speculation that further cuts in the pentagon budget would lead to additional cuts in the army and the marines. if the united states was put in a position where it had to occupy and protect the oil fields of the persian gulf for an extended period of time, five or six years, are those forces adequate to do the job? >> one of the reasons i was able to get through the chairman is i try not to speculate too much on hypotheticals. the reductions in both the army and the marine corps have been in the budget now -- they have been on the hill, the beginnings of them, have been on the hill for the better part of the year. they are reductions both chiefs of the services and the chairman support. clearly, and i did as well, when i was chairman over a year ago. there was a need to come down. there was an expectation to do that as we move from what was a couple
morning. >> host: good morning, bob. >> caller: question. this is a topic that nobody wants to talk about. the interest-rate cut the interest that is paid on the national debt. presently most of our debt is under short term, under 1%. and it's manipulated, of course, by the federal reserve and treasury department. so it's going to go from say 250 billion interest payments up to 7%, the next several years. one half trillion dollars in interest annually on the national debt. wondering, how is that going to impact our military industrial complex in the near future when that actually comes to be? >> that clearly -- the ticking time bomb for any part of the federal government and probably because of. [indiscernible] , the state government. we are in a time of unusually low interest rates. it will continue for a time, but when they rise it is going to be a body blow to the national politics and the country because, as your caller was indicating, the jump from 1% to 7% is such a massive increase in taxes that the only thing i can think of is, can you say greece? >> host: what does it mean for th
minded enough, clear-eyed enough about the russian. bob gates also, who moved over to national security. that little group kind of delayed the process i would say for about six months. the people let state i think were ready to kind of progress, you know, with what had been achieved toward the end of the second reagan administration. but it just really delayed things, because the person who turned that around, and he also deserves a great deal of credit, was jim baker. jim baker did a great job putting together kind of an inter-agency management for this process and the different players and he spent a good deal of time, i would say a year and a half or two years, arrived in moscow with an entourage with the negotiators from cfd of the relevant assistant secretaries. broke them into working groups and i think that process that ros participated in with schivinovski and gorbachev but there was a delay and i don't think it set us back. i don't think there were any problems as a result of that. >> thank you. >> i was just going to say that james baker was named secretary of state the day af
communicators." >> we just saw pennsylvania senator bob casey. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues, which are sometimes broadly described under the umbrella of the terminology, fiscal cliff. when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, haltin
Search Results 0 to 4 of about 5